Iraq has formally requested that OPEC raise its oil production quota, arguing that the country’s industry has suffered significant damage from past conflicts and the recent regional war.
The oil ministry in Baghdad made the appeal on Thursday, framing the demand as a necessary adjustment to reflect the physical and operational toll on its infrastructure.
The request intensifies an ongoing standoff between Iraq and the cartel over production limits.
Previous reports indicated that Baghdad was prepared to consider all options, including leaving the organization, if its demands for a larger share of the global supply were not met.
This escalation adds a layer of complexity to OPEC’s efforts to manage global supply balances amid shifting geopolitical risks.
For markets, the development underscores the fragility of Middle East supply chains.